The Personal Deodorants and Antiperspirants market in the Philippines has exhibited varied trends over the past decade. From 2012 to 2014, there was a consistent decline in market size value per capita from 0.87 to 0.73. This was followed by a slight recovery period from 2015 to 2019, with values increasing from 0.75 to 0.85. The market saw stability in 2020 and 2021, maintaining a value around 0.81 and 0.87 respectively, peaking at 0.88 in 2022.
The year-on-year variations highlight a growth of approximately 7.4% and 1.1% in 2021 and 2022 respectively, indicating a positive trend towards market recovery. Over the last five years, the Compounded Annual Growth Rate (CAGR) suggests an average annual increase of around 1.9%.
Future trends to watch for include the rising influence of eco-friendly and sustainable products, increased demand for natural ingredients, and innovative packaging solutions. Additionally, with the evolving consumer preferences and potential economic changes, the market is expected to see steady growth adapting to these new consumer trends.
| # | 56 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 17.43 | 2023 | View data | ||
| 2 | 2 Ireland | 15.07 | 2023 | View data | ||
| 3 | 3 Uruguay | 14.88 | 2023 | View data | ||
| 4 | 4 Israel | 14.56 | 2023 | View data | ||
| 5 | 5 Chile | 13.8 | 2023 | View data | ||
| 53 | 53 Malaysia | 1.64 | 2023 | View data | ||
| 54 | 54 Mexico | 1.63 | 2023 | View data | ||
| 55 | 55 Philippines | 0.89 | 2023 | |||
| 56 | 56 Madagascar | 0.26 | 2023 | View data | ||
